Purr (PURR) is 1.6× the size of Toshi (TOSHI) by market capitalisation. Over the past 30 days, PURR is ahead by 16.4 percentage points (TOSHI -8.0% against PURR +8.4%). Their daily returns move loosely together (correlation 0.45 across 54 shared trading days). PURR has been the more volatile of the two, at 222% annualised against TOSHI's 82%.
TOSHIPURR
0.45over 54 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | TOSHI | PURR |
|---|---|---|
| Max drawdown (400d) | -24.2% | -43.9% |
| Risk-adjusted return (90d) | -0.08 | 0.10 |
Relative strength over 90 days: PURR outperformed TOSHI by 28.2% — measured on the TOSHI/PURR ratio, so it holds regardless of market direction.